CRE X Missouri

Kansas City NorthMarq office provides financing for multi-family property in Texas

Greg Duvall, senior vice president and senior director of NorthMarq Capital's Kansas City regional office, recently arranged first mortgage financing of more than $12.7 million for Ashford Lakes, a 192-unit multi-family property in Houston.

Greg Duvall, senior vice president and senior director of NorthMarq Capital's Kansas City regional office, recently arranged first mortgage financing of more than $12.7 million for Ashford Lakes, a 192-unit multi-family property in Houston.

Financing was based on a 10-year term with two years interest-only and then a 30-year term amortization schedule. It was arranged for the borrower by Minneapolis-based NorthMarq through its seller-servicer relationship with Freddie Mac.